Amid pick up in domestic demand and restricted supplies from producing regions, jeera prices edged up by 0.27% to Rs 16,420 per quintal in futures trade today as speculators built up fresh positions.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month December rose by Rs 45, or 0.27% to Rs 16,420 per quintal with an open interest of 3,699 lots.
Likewise, the spice for delivery in November contracts gained Rs 25, or 0.16% to Rs 16,145 per quintal in 15,159 lots.
Analysts attributed the rise in jeera futures prices to pick up in demand in the spot market amid restricted supplies from growing belts.
At the National Commodity and Derivatives Exchange, jeera for delivery in far-month December rose by Rs 45, or 0.27% to Rs 16,420 per quintal with an open interest of 3,699 lots.
Likewise, the spice for delivery in November contracts gained Rs 25, or 0.16% to Rs 16,145 per quintal in 15,159 lots.
Analysts attributed the rise in jeera futures prices to pick up in demand in the spot market amid restricted supplies from growing belts.